Can I retire at age 46 with 1,350,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$111,482$110,489$109,520$108,574$107,651$104,624
2 years$55,189$54,161$53,165$52,199$51,262$48,236
3 years$36,427$35,395$34,401$33,445$32,523$29,592
4 years$27,048$26,019$25,035$24,095$23,196$20,382
5 years$21,422$20,399$19,428$18,507$17,633$14,945
6 years$17,673$16,657$15,701$14,800$13,952$11,392
7 years$14,996$13,989$13,048$12,168$11,347$8,915
8 years$12,989$11,991$11,065$10,208$9,413$7,108
9 years$11,429$10,440$9,531$8,695$7,927$5,747
10 years$10,181$9,203$8,309$7,495$6,755$4,695
11 years$9,161$8,193$7,315$6,523$5,809$3,868
12 years$8,312$7,353$6,492$5,721$5,034$3,207
13 years$7,594$6,645$5,800$5,051$4,390$2,674
14 years$6,979$6,040$5,211$4,484$3,848$2,238
15 years$6,446$5,518$4,705$3,999$3,388$1,880
16 years$5,981$5,063$4,266$3,580$2,994$1,584
17 years$5,571$4,662$3,882$3,217$2,655$1,338
18 years$5,206$4,308$3,544$2,899$2,361$1,132
19 years$4,881$3,993$3,244$2,620$2,104$959
20 years$4,588$3,710$2,977$2,373$1,880$814
21 years$4,324$3,456$2,738$2,153$1,682$692
22 years$4,084$3,226$2,524$1,958$1,508$589
23 years$3,865$3,017$2,330$1,783$1,353$501
24 years$3,665$2,827$2,155$1,626$1,216$427
25 years$3,481$2,653$1,996$1,485$1,095$364
26 years$3,311$2,493$1,851$1,358$986$310
27 years$3,154$2,347$1,719$1,243$889$265
28 years$3,009$2,211$1,598$1,139$802$226
29 years$2,874$2,086$1,487$1,044$724$193
30 years$2,748$1,970$1,385$958$654$165
31 years$2,631$1,862$1,291$880$592$141
32 years$2,521$1,762$1,205$809$535$120
33 years$2,418$1,669$1,125$744$484$103
34 years$2,321$1,582$1,051$684$439$88
35 years$2,230$1,500$983$630$397$75
36 years$2,144$1,424$919$580$360$64
37 years$2,063$1,352$861$535$326$55
38 years$1,987$1,285$806$493$296$47
39 years$1,914$1,222$755$454$268$40
40 years$1,846$1,163$708$419$243$34
41 years$1,781$1,107$664$387$221$29
42 years$1,719$1,054$622$357$200$25
43 years$1,660$1,004$584$329$182$21
44 years$1,604$957$548$304$165$18
45 years$1,551$913$515$281$150$16
46 years$1,500$871$484$259$136$13
47 years$1,451$831$454$240$123$11
48 years$1,405$793$427$222$112$10
49 years$1,361$758$401$205$102$8
50 years$1,318$724$377$189$92$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,350,000, adding $6,871 every year, while hoping to spend $47,374 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/38/28 Blend
45$1,350,000$1,350,000$1,350,000$1,350,000
46$1,494,787$1,423,237$1,402,312$1,532,755
47$1,596,850$1,442,571$1,398,884$1,581,314
48$1,707,736$1,461,263$1,393,754$1,628,926
49$1,828,293$1,479,234$1,386,813$1,679,355
50$1,959,459$1,496,396$1,377,951$1,732,882
51$2,102,261$1,512,656$1,367,049$1,789,823
52$2,257,831$1,527,916$1,353,985$1,850,527
53$2,427,415$1,542,069$1,338,629$1,915,381
54$2,612,384$1,555,003$1,320,845$1,984,815
55$2,814,247$1,566,598$1,300,494$2,059,305
56$3,034,665$1,576,727$1,277,425$2,139,381
57$3,275,467$1,585,252$1,251,485$2,225,628
58$3,538,666$1,592,031$1,222,511$2,318,697
59$3,826,477$1,596,908$1,190,333$2,419,306
60$4,141,342$1,599,720$1,154,773$2,528,255
61$4,485,947$1,600,294$1,115,646$2,646,427
62$4,863,250$1,598,446$1,072,756$2,774,800
63$5,276,510$1,593,978$1,025,902$2,914,459
64$5,729,314$1,586,683$974,870$3,066,604
65$6,225,615$1,576,341$919,439$3,232,563
66$6,769,763$1,562,717$859,376$3,413,807
67$7,366,552$1,545,564$794,438$3,611,962
68$8,021,261$1,524,617$724,373$3,828,828
69$8,739,706$1,499,599$648,915$4,066,397
70$9,528,290$1,470,214$567,788$4,326,870
71$10,394,069$1,436,148$480,703$4,612,684
72$11,344,816$1,397,071$387,358$4,926,530
73$12,389,091$1,352,632$287,438$5,271,386
74$13,536,326$1,302,458$180,615$5,650,542
75$14,796,911$1,246,158$66,545$6,067,636
76$16,182,292$1,183,316$0$6,526,687
77$17,705,078$1,113,491$0$7,048,625
78$19,379,163$1,036,219$0$7,644,156
79$21,219,852$951,008$0$8,298,917
80$23,244,007$857,338$0$9,019,017
81$25,470,208$754,659$0$9,811,199
82$27,918,923$642,392$0$10,682,898
83$30,612,707$519,922$0$11,642,320
84$33,576,406$386,602$0$12,698,516
85$36,837,402$241,747$0$13,861,470
86$40,425,859$84,635$0$15,142,195
87$44,375,016$0$0$16,552,841
88$48,721,498$0$0$18,142,557
89$53,505,658$0$0$19,931,545
90$58,771,961$0$0$21,901,071
91$64,569,402$0$0$24,069,489
92$70,951,968$0$0$26,457,022
93$77,979,144$0$0$29,085,956
94$85,716,479$0$0$31,980,845
95$94,236,202$0$0$35,168,750
96$103,617,901$0$0$38,679,485
97$113,949,275$0$0$42,545,906
98$125,326,964$0$0$46,804,218
99$137,857,455$0$0$51,494,314
100$151,658,092$0$0$56,660,155